Macro and Government Bond Commentary: Yields closed higher today • The 10Y benchmark (6.33 GS 2035) opened 2 bps down at 6.53%, tracking the decline in US Treasuries after the 10Y UST fell 7 bps to 4.26% on Friday. • The move followed Fed Chair Jerome Powell’s remark at Jackson Hole Economic Symposium, where he highlighted weakness in US Jobs market and hinted a possible rate cut in Sep 2025.
